A mixed bag for J.B. Hunt 
US-based J.B. Hunt Transport Services reported its Q4/2022 results recently. While the net income amounted to USD 201.3 million, 16.9% less than in Q4/2021 (242.2 million in Q4/2021), revenues for the current quarter went up to USD 3.65 billion, an increase of 4% compared to the... more
Tonnages make a big jump again - yields not yet
The latest preliminary figures from World ACD Market Data reveal a strong post-holiday season recovery of global air cargo tonnages in the second week of 2023. The 19% upswing is delayed compared with last year, when tonnages had already begun to recover by the end of the first... more
Global transit times improving
The Ocean Shipping Index from E2 open is based on information from a business network that includes 420,000 interconnected companies managing 13.5 billion transactions and tracking 71 million containers annually. In its issue for Q4/2022, the index reports that, in major... more
Cargojet renews strategic contract in Canada
Cargojet has extended the master services agreement with Canada Post Corporation and Purolator (Canada Post Group of Companies “CPGOC”) until 30 September 2029. An additional option to renew to 31 March 2031 remains available. Cargojet and CPGOC first entered into the... more
Magma Aviation picks James Gilliard
Magma Aviation, a cargo solutions company, has appointed James Gilliard as head of commercial. Gilliard has more than 20 years of experience in the aviation industry. He joins Magna Aviation following two and a half years at IAG Cargo in London where he was regional sales... more
New VP airfreight for Bolloré Logistics Americas
Bolloré Logistics has appointed Nicolas Saignat as vice president airfreight, Americas. In this newly created position, Saignat will be in charge of the development of new airfreight products, competitive sourcing and the digitalisation of the company’s transport solutions.... more
Aircraft lessor invests in cargo drone fleet
Libra Group subsidiary LCI has signed an agreement with Elroy Air, a USA-based developer of advanced autonomous cargo aircraft systems, to acquire 20 aircraft with an option for a total of up to 40 units of the company’s "Chaparral" vertical take-off and landing... more
Recent developments in global piracy
The ICC International Maritime Bureau (IMB)'s report on global piracy in 2022 sums up 115 recorded incidents of piracy and armed robbery against ships – compared to 132 in 2021. In total, 107 vessels were boarded, two vessels hijacked, five attack attempts failed and one vessel... more
Expanding rail to truck transload facilities
In USA, Iowa Interstate Railroad (Iais) has purchased Iowa City’s Industrial Campus plot to develop a new rail to truck transloading facility. The site, including an existing rail spur, connects to the 920 km Iais network, providing shippers with direct access to all seven... more
Who would like to buy Pembroke?
Standard Chartered is exploring alternatives for the future ownership of its aviation finance business, which includes Pembroke. Standard Chartered’s global aircraft leasing and financing operation manages a modern fleet of aircraft - but without maindeck cargo capacity -... more